What is CERSAI? Full Form, Login, Registration & Charges

CERSAI plays a crucial role in India’s secured lending ecosystem by preventing fraud and ensuring transparency. This blog explains its full form, key functions, login process, registration steps, charges, and why it matters for borrowers and lenders, especially in Home Loan and Loan Against Property contexts.

Also Read: Home Loan: All You Need to Know

What is the Full Form of CERSAI?

CERSAI stands for Central Registry of Securitisation Asset Reconstruction and Security Interest of India. It is a government-backed entity that maintains a centralised registry of security interests created on property and assets. This system was introduced under the SARFAESI Act to curb fraudulent practices and protect lenders and borrowers.

Key Functions and Objectives of CERSAI

CERSAI serves as a safeguard for financial institutions and borrowers. Its main objectives include:

• Registration of security interests on property and assets
• Prevention of multiple lans against the same property
• Enhancing transparency in secured lending
• Assisting lenders in risk assessment and compliance
• Reducing litigation and fraud cases

Ownership and Regulatory Framework of CERSAI

CERSAI is owned by the Government of India, which holds a 51% stake, while the remaining 49% is held by public sector banks and the National Housing Bank. It is registered under the Companies Act, 2013 and operates under the SARFAESI Act, 2002, ensuring compliance with India’s financial and regulatory framework.

How Does CERSAI Work?

Lenders register details of mortgages and security interests on the CERSAI portal. Borrowers can search the database to check if a property is already mortgaged. The portal offers search options such as Asset-Based, Debtor-Based and AOR-Based queries, making the process transparent and efficient.

Step-by-Step Guide: How to Do CERSAI Login

• Visit the official CERSAI portal
• Click on the Login option for lenders or borrowers
• Enter your credentials (User ID and Password)
• Complete CAPTCHA verification
• Access dashboard for searches or registrations

How to Register an Entity on CERSAI

• Ensure eligibility (banks, NBFCs, financial institutions)
• Prepare required documents (company registration, authorisation letter)
• Fill the online application form on the CERSAI portal
• Pay applicable registration fees
• Submit and await approval confirmation

CERSAI Charges, Fees, and Payment Structure

Charges vary based on transaction type and GST is applicable. Fees may be borne by the borrower or lender depending on the loan agreement.

Why is CERSAI registration required for a Home Loan?

CERSAI registration helps prevent fraud and multiple loans on the same property. Once a Home Loan is sanctioned, the lender registers the mortgage with CERSAI, creating a public record of the charge on the property.

Also Read: What is Home Loan Foreclosure

Final Thoughts

CERSAI is a vital tool for maintaining transparency and preventing fraud in India’s secured lending system. Whether you are applying for a Home Loan or Loan Against Property, checking CERSAI records ensures your investment remains safe and compliant.

Apply now for a Home Loan.

FAQs

Q.1. Can unsecured loans be registered with CERSAI?

A. No, CERSAI registration applies only to secured loans backed by collateral.

Q.2. How long does CERSAI registration take?

A. Typically, registration is completed within 24 to 48 hours after submission.

Q.3. Is CERSAI registration mandatory for all mortgages?

A. Yes, it is mandatory for financial institutions to register mortgages under SARFAESI Act.

Q.4. What happens if lenders do not update CERSAI records on time?

A. Non-compliance can lead to penalties and legal complications for lenders.

Q.5. How to check if my property is already mortgaged using the CERSAI portal?

A. Use the Asset-Based search option on the portal by entering property details.

Q.6. Can individuals register on the CERSAI portal or only financial institutions?

A. Only authorised financial institutions can register; individuals can perform searches.

Disclaimer:

The content presented on this page, including images and factual information, is intended solely as a summary derived from publicly available sources. GHFL/GFL (“Company”) does not claim ownership of such information, nor does it represent that the Companies have exclusive knowledge of the same. While efforts are made to ensure accuracy, there may be inadvertent errors, omissions, or delays in updating the content. Users are strongly encouraged to independently verify all information and seek expert advice where necessary. Any decisions made based on this content are solely at the discretion and responsibility of the user. Godrej Capital and its affiliates assume no responsibility for any loss or damage that may result from the use of or reliance on the information provided herein.